Event Brief
US Fed raises rates 25 bps, first hike since 2023
By The BriefBrief · Sources (29)
Filed: Sep 16, 2026 at 10:00 PM ET
UPDATED Sep 17, 2026 at 3:02 AM ET
Summary: The US Federal Reserve raised interest rates by 25 basis points to a range of 3.75% to 4.00% to address stubbornly high inflation. The Federal Open Market Committee voted unanimously, citing elevated inflation and aiming for a timelier return to its 2% target.
WHO: US Federal Reserve (Federal Open Market Committee) and Chair Kevin Warsh
WHAT: The Fed voted unanimously to raise the federal funds rate by 25 basis points to 3.75%-4.00%.
WHEN: Sep 17, 2026
WHERE: USA
WHY: To tackle stubbornly high inflation and support a timelier return to the Fed’s 2% inflation target.
Sources (29):
ABC Australia,
ABC News,
Al Jazeera,
BBC News,
Bloomberg,
CBS News,
CNBC Top News,
Dawn Pakistan,
Deutsche Welle,
Euronews,
Financial Times,
France 24,
Japan Times,
MarketWatch,
NBC News,
NPR,
New York Times,
PBS NewsHour,
Politico Europe,
Rio Times,
South China Morning Post,
Straits Times,
Tampa Free Press,
The Hindu,
The Independent,
WBIR 10News,
WFLA,
WTSP 10 Tampa Bay,
Yonhap Korea
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